$831.98 Million in Sales Expected for Cooper-Standard Holdings Inc. (CPS) This Quarter
Equities analysts expect that Cooper-Standard Holdings Inc. (NYSE:CPS) will report sales of $831.98 million for the current quarter, according to Zacks. Four analysts have issued estimates for Cooper-Standard Holdings’ earnings, with the highest sales estimate coming in at $851.71 million and the lowest estimate coming in at $820.00 million. Cooper-Standard Holdings posted sales of $855.66 million in the same quarter last year, which suggests a negative year over year growth rate of 2.8%. The company is scheduled to report its next earnings results on Monday, October 30th.
On average, analysts expect that Cooper-Standard Holdings will report full-year sales of $831.98 million for the current financial year, with estimates ranging from $3.50 billion to $3.53 billion. For the next year, analysts anticipate that the firm will report sales of $3.61 billion per share, with estimates ranging from $3.58 billion to $3.68 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Cooper-Standard Holdings.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.02. The business had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.85 earnings per share.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $85.00 target price (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Cooper-Standard Holdings has a consensus rating of “Hold” and a consensus price target of $109.67.
Cooper-Standard Holdings (NYSE:CPS) opened at 106.56 on Friday. The firm has a 50 day moving average of $101.15 and a 200-day moving average of $106.06. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 13.42 and a beta of 0.73. Cooper-Standard Holdings has a 52-week low of $82.50 and a 52-week high of $118.59.
In related news, VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $105.04, for a total value of $1,470,560.00. Following the sale, the vice president now owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $105.76, for a total transaction of $52,880.00. The disclosure for this sale can be found here. Insiders sold a total of 267,865 shares of company stock worth $28,341,075 in the last three months. 1.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in CPS. Flinton Capital Management LLC grew its stake in Cooper-Standard Holdings by 13.8% in the 1st quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 112 shares during the period. Neuburgh Advisers LLC boosted its stake in Cooper-Standard Holdings by 13.8% during the 1st quarter. Neuburgh Advisers LLC now owns 1,122 shares of the auto parts company’s stock worth $125,000 after purchasing an additional 136 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Cooper-Standard Holdings during the 1st quarter worth $142,000. Riverhead Capital Management LLC boosted its stake in Cooper-Standard Holdings by 79.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock worth $144,000 after purchasing an additional 632 shares during the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in Cooper-Standard Holdings during the 2nd quarter worth $146,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
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Cooper-Standard Holdings Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
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